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Karvy, CAMS shows interest in verifying Sahara investors

Karvy, CAMS shows interest in verifying Sahara investors
New Delhi- Interest was evinced by four entities -Karvy, CAMS, NSDL and CDSL  regarding the genuineness of about three crore investors in the Sahara case  bidding for the job. This was done on behalf of market regulator Sebi (Securities and Exchange Board of India). A process to select  an In-Person Verification (IPV) agency to conduct a face to face verification amongst the three [...] Continue Reading »

Public sector banks cheered by home loan takers

Public sector banks cheered by home loan takers
New Delhi-Recent reports suggest  that the public sector banks were quite benefited by the home loan takers as the lower interest rates have resulted in regular monthly payment causing very less defaulters. The outstandings in the first 6 months were almost 96% of 2011-12 and more in 2010-11. Also, the non-performing assets (NPAs) have declined in all home loan [...] Continue Reading »

Borrowers shift lenders to beat high interest rates

Borrowers shift lenders to beat high interest rates
The rate of interest may not have fallen significantly  this year, but due to the difference in new and old home loan interest, the borrowers are shifting their loan from existing lenders to cheap lenders. The State Bank of India (SBI) is offering Rs 30 lakh home loan for the new borrowers at the most [...] Continue Reading »

SBI cuts processing fee on home loans

SBI cuts processing fee on home loans
In order to attract customers and beat competition, State Bank of India (SBI) has cut processing fee on home loans, which is till December 31 this year. SBI’s processing fee cut will affect it’s rivals like HDFC, ICICI Bank and Axis Bank adversely, since it has already cut it’s home loan rates. In order to [...] Continue Reading »

Banks offer repayment in 30 years for home buyers

Banks offer repayment in 30 years for home buyers
Various leading banks have now made it possible for the home buyers to pay back their loan at leisure. Banks have adopted this policy in order to improve their retail credit group. The first ever bank with the longest year of repayment in the India’s banking history is the State Bank of India (SBI) with [...] Continue Reading »

Liquidity increases, borrowing cost going down for realtors

Liquidity increases, borrowing cost going down for realtors
As the market witnesses improving liquidity, the borrowing costs for real estate companies are going down. The less borrowing cost would mean an improved balance sheet. Although the change may not be seen clearly as yet. In markets like Gurgaon, there has been a lack of launches and a construction ban because of the water [...] Continue Reading »

Indian real estate expected to fall less than 5%

Indian real estate expected to fall less than 5%
Jones Lang LaSalle, world’s second-largest property consultant, predicts growth in India’s property market is expected to fall to less than 5 per cent over the next 12 months. In an interview with Reuters, president and global chief executive officer of JLL stated that the market looks grim compared with an annual growth rate of 17 [...] Continue Reading »

SBI reduces home loan growth target

SBI reduces home loan growth target
State Bank of India (SBI) has revealed that it has cut its annual home loan growth target by up to 10 per cent age points. The biggest lender of the country has to revise their target due to sluggish growth in property market. The bank cut its home loan rates on Wednesday by up to [...] Continue Reading »

HDFC net profits up by 19%

HDFC net profits up by 19%
The Housing Development Finance Corp. Ltd (HDFC) has said that its net profit rose by 19 per cent in the quarter ended June as a result of strong growth in individual home loan borrowing. HDFC’s June quarter net profit rose to Rs. 1,001.9 crore from Rs. 844.53 crore last year, while its loan book stood [...] Continue Reading »

Realtors delay new ventures in order to tackle inventory

Realtors delay new ventures in order to tackle inventory
Real estate developers have planned to give rest to the new project launches, instead they prefer to sell the unsold inventory, as this process prevents dropping of price in the declining market. Analysts say developers have realised that launching of new projects could cut down the unsold inventory prices which were launched at higher costs. [...] Continue Reading »



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